New Zealand will temporarily permit fuel meeting Australian standards to be imported for up to 12 months, the government said on Monday, as it seeks to mitigate supply risks linked to the Middle East conflict and soaring prices.
Associate Energy Minister Shane Jones said the alignment of fuel standards would give importers access to more options and reduce the risk of disruptions.
"This is a sensible, time‑limited step that gives importers access to a broader range of fuel shipments, including those already in our region," Jones said in a statement.
But the country would not follow Australia in relaxing its own standards to allow access to higher sulphur fuel, he added.
New Zealand has 49.9 days of petrol, 45.5 days of diesel and 44.7 days of jet fuel in reserve, according to figures from the Ministry of Business, Innovation and Employment.
"There are healthy stocks of petrol, diesel and aviation fuel in the country with more on the way and the market is operating as normal," Prime Minister Christopher Luxon said.
"However ... our government is planning for scenarios where future fuel supplies could be disrupted."
On Tuesday, the government will roll out temporary measures to support the households that are most impacted by the spike in fuel prices, Finance Minister Nicola Willis said.
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At least six Palestinians were killed in Israeli strikes and gunfire across the Gaza Strip on Sunday, 14 June, according to local health officials, as mediators intensified efforts to keep fragile ceasefire negotiations alive.
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U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Leaders of the Group of Seven wealthy nations will meet at a French lakeside resort on Monday against a backdrop of preliminary deal to end U.S. and Iran war reached by both sides.
Four people were killed while the Kyiv Pechersk Lavra monastery, a symbol of Ukrainian spiritual and cultural history, caught fire, in the heaviest Russian air attack on the Ukrainian capital in two weeks, authorities said on Monday.
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukraine, as world leaders prepare to gather for the G7 summit in France.
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Thousands of people took to the streets of Geneva on Sunday, 14 June ahead of this week's G7 summit in neighbouring France, but a largely peaceful demonstration later descended into clashes with police.
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